Craig-Hallum Maintains Hold on MACOM Technology Solns, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Hold' rating on MACOM Technology Solutions (NASDAQ:MTSI) and raises the price target from $60 to $70.
August 04, 2023 | 8:10 pm
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MACOM Technology Solutions' price target has been raised from $60 to $70 by Craig-Hallum, while maintaining a 'Hold' rating.
The increase in price target indicates that the analyst sees potential for the stock's price to rise in the future. However, the 'Hold' rating suggests that the analyst does not recommend buying more of the stock at the current price, but also does not recommend selling it. This could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100